Travel insurance
A travel insurance is an insurance that is purchased by travelers, which covers certain losses or costs and medical expenses that are not covered by regular medical insurance.
Travel insurances can usually be arranged at the time of booking of a travel to cover exactly the duration of the trip or a more extensive, continuous insurance can be purchased from (most often) insurance companies or banks, which covers all travelling during the period for which the insurance was obtained.
The most common costs that are covered by travel insurances are:
- trip cancellation
- trip interruption
- travel delay
- baggage and personal effects
- baggage delay
- emergency evacuation
- travelers assistance
- medical expense
And in addition, often separate insurances can be purchased for specific costs such as:
- high risk sports (e.g. skiing, scuba-diving)
- travel to high risk countries